Reap partners with Visa to launch a stablecoin-linked credit card program in over 100 markets worldwide.
Fintech company Reap announced a strategic partnership with Visa, planning to leverage Reap's card-issuing infrastructure to launch a Visa credit card program linked to stablecoins across more than 100 markets globally, and to expand its business from Asia and Latin America to regions including Europe, the Middle East, and Africa. Reap will also use stablecoins to directly settle payment obligations through Visa's Asia Pacific stablecoin settlement program. The two parties will subsequently explore payment models such as agent commerce, and Reap also plans to introduce card features that support multi-currency stablecoin financing and settlement.